Nuveen Nasdaq 100 Dynamic Overwrite Fund is a non-diversified, closed-end management investment company registered under the 1940 Act. Co. pursues investments by emphasizing index call options on the NASDQ-100 Index, as well other broad-based indexes and options on a variety of other equity market indexes and options on custom baskets of stocks in addition to exchange-traded funds (ETFs) and single name options. Co. uses a dynamic call option overwrite strategy within a range of approximately 35% to 75%, with a long-run target of 55% overwrite of the value of Co's equity portfolio. As of Dec. 31, 2016, total assets were $730,793,249 the Fund's investments portfolio totaled $730,462,434. We show 1 historical shares outstanding datapoints in our QQQX shares outstanding history coverage, used to compute QQQX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing QQQX market cap history over the course of time is important for investors
interested in comparing QQQX's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of QQQX versus a peer is one thing; comparing
QQQX market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like QQQX can fluctuate over the course of history.
With this page we aim to empower investors researching QQQX by allowing them to research the QQQX market cap history. |
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Video: The Importance of Market Cap
